What is Global Polyester Plasticizers Market?
The Global Polyester Plasticizers Market is a vast and dynamic sector that plays a crucial role in the global economy. Polyester plasticizers are substances added to materials to increase their plasticity, flexibility, and reduce brittleness. They are primarily used in the production of plastics and PVC resins. The market for these substances is global, meaning it spans across continents, catering to various industries worldwide. The market's value was estimated at US$ 407.2 million in 2023, and it's projected to reach a staggering US$ 516 million by 2030. This growth is attributed to the increasing demand for these substances in various industries, including construction, automotive, and packaging. The market is also driven by technological advancements and the development of new and improved products.
Petroleum-based Polyester Plasticizers, Bio-based Polyester Plasticizers in the Global Polyester Plasticizers Market:
The Global Polyester Plasticizers Market is segmented into two main types: Petroleum-based Polyester Plasticizers and Bio-based Polyester Plasticizers. Petroleum-based plasticizers are derived from crude oil and are widely used due to their low cost and high performance. They are commonly used in the production of PVC products, rubber products, and other materials. On the other hand, Bio-based plasticizers are derived from renewable resources such as plant oils and are gaining popularity due to their eco-friendly nature. These plasticizers are biodegradable and have a lower environmental impact compared to their petroleum-based counterparts. However, they are more expensive and have a lower performance compared to petroleum-based plasticizers.
PVC Products, Rubber Products, Others in the Global Polyester Plasticizers Market:
The Global Polyester Plasticizers Market finds its application in various areas, including PVC Products, Rubber Products, and others. PVC products are the largest consumers of polyester plasticizers. These substances are added to PVC to increase its flexibility and durability. They are used in the production of various PVC products, including pipes, cables, flooring, and roofing materials. Rubber products also use polyester plasticizers to increase their flexibility and reduce brittleness. Other applications of polyester plasticizers include adhesives, sealants, and coatings. The demand for these substances in these applications is expected to increase in the coming years due to the growing construction and automotive industries.
Global Polyester Plasticizers Market Outlook:
Looking at the market outlook, the Global Polyester Plasticizers Market is expected to witness significant growth in the coming years. In 2023, the market was valued at US$ 407.2 million, and it's projected to reach US$ 516 million by 2030, growing at a CAGR of 3.4% during the forecast period 2024-2030. This growth is attributed to the increasing demand for these substances in various industries, including construction, automotive, and packaging. PVC Products accounted for a sales share of 87% in 2020, indicating the significant role of this segment in the market. The market is dominated by two major players, DIC Corporation and UPC Group, which held 15.61% and 14.33% of the market share in 2019, respectively.
| Report Metric | Details |
| Report Name | Polyester Plasticizers Market |
| Accounted market size in 2023 | US$ 407.2 million |
| Forecasted market size in 2030 | US$ 516 million |
| CAGR | 3.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | DIC Corporation, UPC Group, BASF, Eastman, Polynt Group, Adeka, Chang Chun Group, Hallstar, Lanxess, J-PLUS |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
